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What others say: Paying down debt the right course to follow particular stands at $12 billion. The state currently makes annual payments of $600 million.The Alaska Retirement Management Board has proposed Gov. Sean Parnell direct $2 billion toward the pension liability over the next four years...
Parnell wants reduced spending in next budget

...his thinking on the issue was influenced, in part, by concerns raised about it by rating agencies.The Alaska Retirement Management Board earlier this year proposed that the Legislature provide an infusion of $2 billion toward the public employees...
Board seeks more action on pension shortfall

...retirement system wants officials to do more to address Alaska's $12 billion unfunded pension liability.The Alaska Retirement Management Board is advocating a $2 billion cash infusion over four years, in addition to having the state frontload payments...
Cost of retirement system draws concern in Juneau

...Erchinger said. Erchinger is a member of the Alaska Retirement Management Board, and was speaking at a recent meeting of...remains weak, however. Some members of the Alaska Retirement Management Board are saying additional steps are going to...
Fund looks at diversifying

...dollars in pension money in the timber industry elsewhere will pay off for the state's retirees. The Alaska Retirement Management Board got a report Thursday on relatively new timber investments it hopes will provide investment variety and...
In the black

Alaska's retirement savings accounts, second in size in the state only to the Alaska Permanent Fund, had stellar returns in the just completed 2011 fiscal year, new state data shows.
Retirement plans could soon get funding increase

Top legislators are saying Alaska needs to put some of its huge savings into its underfunded retirement plans, but have yet to reach agreement on how or how much. Senate Finance Committee Co-chairman Bert Stedman, R-Sitka, last week recommended the state use some of its available billions to pay down Alaska's $11 billion in unfunded liability for its Public Employee Retirement System, or PERS, and Teacher Retirement System (TRS). He recommended the state contribute "north of $1 billion and probably south of $4 billion."
Lawmakers busy with bills

...48 (Seaton and Rep. Mike Kelly, R-Fairbanks) would amend the powers of the board of trustees of the Alaska Retirement Management Board to authorize purchase and sale of transferable tax credit certificates issued in conjunction with the production...
Oil tax credits could help pay down retirement liability

Unused oil profits tax credits could be a source of revenue to help the state of Alaska reduce the unfunded liability to its public employee and teacher retirement systems.
Retirement board faces debt

The Alaska Retirement Management Board Friday delayed making a decision on how much extra money needs to be set aside for future pension costs in the next year's budget...


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